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S&P Global Ratings gives CapitaLand Mall Trust 'A-' rating

Felicia Tan
Felicia Tan • 3 min read
S&P Global Ratings gives CapitaLand Mall Trust 'A-' rating
The rating on CMT reflects the agency’s view of the REIT’s leading-market position following its merger with CCT.
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S&P Global Ratings has given CapitaLand Mall Trust (CMT) an 'A-' long-term issuer credit rating to the REIT on September 30.

The ratings agency has assigned CMT’s guaranteed senior unsecured multicurrency medium-term note (MTN) and euro MTN programmes 'A-' as well.

“The stable outlook on CMT reflects our expectation that the REIT will successfully integrate CapitaLand Commercial Trust's (CCT) assets. We also anticipate CMT will maintain or enhance its solid asset quality and stable profitability over the next 24 months,” says primary credit analyst Fiona Chen.

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